iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Put Your Arm in the Meat Grinder Please

Visa is adding 90 points to the Dow today. Had it not been for those bozos, the Dow would be flat from yesterday’s sublime melt up. Or was it sublime? Perhaps it was insidious, a bastard event that has pitted man against man in the never ending quest to achieve cannibalistic rituals.

You want my money and I want yours. We box each others brains in and poke fun at each other when we are wrong. Some of us lie all the time, to make ourselves feel better about losing and/or market newsletters. I’ve never been a big fan of lying, since it tends to irritate the very essence of who I am. I put my trades out there to be ridiculed, shorted by vindictive billionaire hedge fund managers, torn to pieces by the winds from the east. It has been a horrendous 12 months for me and I cannot remember the last time I felt good about investing.

Sure, I have a thousands of ideas scrambling inside of my oversized brain, all to do with innovation and economic trends. But who gives a shit when the 10 yr yield is at 1.66%? I keep telling myself “things must get better”–because I am programmed to be optimistic about the economy and the market. In business, I’ve never found my natural tendency to be negative about things to be helpful. As a point in fact, I readily fight my pessimistic urges and avoid hanging around people who are depressing.

Boy is this market depressing; it makes me want to run away from it, lock the doors, and crawl under the bed screaming “go away you stupid bastard!”

On a whim, everything can change, which is why I want all of you to head on over to your local deli and stick your arms in the meat grinder (don’t do it!). That’s a permanent draw down. All of this shit here is fleeting.

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19 comments

  1. gappingandyapping

    1000x leverage long bond(g)s is the only way to go evidently

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  2. Trent J

    I used to call myself a swing trader.

    I might just look into being a swinger.

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  3. UncleBuccs

    Dr. Fly – maybe your oversized brain is due to Encephalitis, much like Will Graham. Could it be you’re being poisoned by a Dr. Lecter type character, and this is all a bad dream…?

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  4. cwinsor

    “In business, I’ve never found my natural tendency to be negative about things a positive.” That sentence reveals a fascinating paradox, one I also grapple with. This market is tough to be optimistic about. Maybe negative is simply negative and not positive. Notwithstanding ‘it’s always darkest before the dawn’ and other smart money/dumb money contrarian sentiment cliches here.

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  5. cwinsor

    * not a positive, “helpful” — A game

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  6. Trent J

    Hey do we have an early info on the IBC conference for 2015 yet?

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  7. xxxhuggiebearxxx

    GOLD AND SPY PUTS

    Its not too late to join Huggie for “The Year of the Bear”

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  8. the shiek

    Bought my first position of CTP @ 7.95,after three trading halts, one earnings restatement, one failed secondary and one revised secondary loaded up @ 3.15…now up 20% @ 5.20….Capital gains will be going towards high blood pressure medicine.

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  9. carolina

    Alert the media, you are starting to sound like a sane man!

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  10. mtpennybags

    The markets exist solely as a means to make money for anybody brave enough to participate. Stocks go up & down, optimism, pessimism who cares about any of that rubbish? We as traders are merely trying to catch a directional trend and make some scratch. Cycles: sell the top and buy the bottom. $$$

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  11. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Sit still in the tall grass. Just sit and wait like a Lion. The season will come when prey will prance within range and stand no chance against the mauling.

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  12. espgal

    Sir Fly. You need a vacation. Turks and Caicos – 10 days – with dreams about Punka Pinto or whatever the place was you used to write about….

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  13. og

    I wonder if AMZN can really turn on the profit spigot now?

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  14. J Adabese (your pen pal)
    J Adabese (your pen pal)

    The landscape needs rain.

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  15. J Adabese (your pen pal)
    J Adabese (your pen pal)

    It’s raining !! Followed OA into UWTI and Le Magnificent Fly into SA.

    Thank you gentlemen.

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